Oil prices fell on Monday, despite Donald Trump's statements about the possibility of introducing new tariffs on buyers of russian oil.
This is reported by Economic Pravda with reference to Reuters.
The report says that Brent crude futures fell by 0.4% to USD 72.46 per barrel, while WTI lost 0.5% and traded at USD 69.03.
The US President said that he could impose tariffs of 25%-50% if he believes that Moscow is preventing him from ending the war in Ukraine.
"The market either does not believe Trump's threats or considers them another step towards a trade war that will hit the global economy," commented IG analyst Tony Sycamore.
Meanwhile, OPEC+ plans to gradually increase production from April, and Saudi Arabia may lower oil prices for Asia to a three-month low.
Iran has already adjusted the price of its oil, setting a price USD 3.95 above the Oman/Dubai average.
As Ukrainian News Agency earlier reported, oil prices fell last Monday as investors assessed the prospects of a ceasefire between russia and Ukraine, which could lead to increased supplies of russian oil to world markets.
In early March, oil prices continued to fall after reports that OPEC+ would continue its planned production increase, while markets braced for the impact of US tariffs on Canada, Mexico and China.
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